Amanda Janis
Fortress Investment Group has closed on third party commitments worth $5 billion for its latest two private equity funds.
The Robert Bass-led firm has strengthened its aerospace portfolio with the acquisition of air cargo company Southern Air. The deal puts the firm on track to own 22 freight aircraft.
KKR’s first Asia-dedicated fund is set to close soon with $4 billion of commitments, according to a SEC filing ahead of its $1.25 billion initial public offering.
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
Citi Alternative Investments has completed its acquisition of Old Lane Partners, a $4.5 billion hedge and private equity fund manager launched last year by Morgan Stanley alumni.
The Pennsylvania State Employees’ Retirement System has approved nearly $60 million in new commitments, $30 million of which is earmarked for Advent’s latest Latin American fund.
The orthopedics- and dental-focused private equity firm has closed its second fund on $420 million – more than double the size of its debut vehicle.
US firm Summit Partners has invested in Nomacorc, a manufacturer in the growing synthetic wine closure market.
Publicly traded alternative asset manager American Capital – fresh from having raised $1 billion in 4 days from its 29th initial public offering – has announced four deals worth more than $172 million in the last two days.
The ownership of the New York-based middle-market firm has transitioned from its founders to three senior managing directors, in connection with the formation of the firm’s fifth fund.